US Antitrust law is among its most archaic, even though they are relatively young. Even the term Trust speaks to an a term that is no longer in common parlance. As there is discussion about 'breaking up' Facebook and others, the murkiness of the law is painfully clear. They should be referred to as competition laws, and they should be plainly understood and work at preventing and penalizing anti-competitive behavior.…
And such a law and the agency enforcing it need to be a lot more pro-active. By the time governments decide they need to "break-up a company", the lion's share of the damage has long been done against both small players (or potential entrants that never stood a chance) as well as consumers. This is why although I'm a bit supporter of GDPR and other such regulations, I think there is some truth in the idea that they a…
Aside from the transistor, negative feedback, Unix, troff, radio astronomy, the charge coupled device, cryptography, information theory, what did Bell Labs ever do for us? [1]
By the standard you set forward, we would have shut down Bell Labs BECAUSE it started to create these unquantifiably valuable inventions.
Google makes absurd amounts of money by search. Is it unethical to create an amazing search engine? Would it be better if Google said: "We aren't going to put money into moonshots, cancer research, laying fiber in Kansas, internet broadcasting balloons, AI research etc. We are going to take all of the money and pay it back to shareholders."?
I believe that your proposal, if put into practice, would amount to "we should destroy products that are successful". What am I missing?